RICARDO'S BUSINESS || Rates future> Westpac's take

The Reserve Bank has given borrowers an early Christmaspresent cutting interest rates by 0.25% for the second month in a row.

If the banks pass on that cut in full to consumers, it should equate roughly, to a $50 per month saving on a $300,000 loan.

For more on why the RBA moved, and where to now for rates, I spoke with Westpac's Senior International economist, Huw McKay.